[Peace-discuss] Wayne calls out Krugman

E. Wayne Johnson ewj at pigs.ag
Mon Apr 27 18:37:55 CDT 2009


The only possible success I can see is choose option 1,
otherwise we will reap corruption and the so-called reverse midas touch.

What we are experiencing now is plunder.


Bob Illyes wrote:
> Krugman is one of the people to the Left who is tearing his hair out 
> about the same Bush/Obama response to large bank failure that the 
> Right is tearing its hair out over.
>
> There are only two rational responses to the failure of the large banks:
>
> 1) Let them fail or
> 2) Put them through the usual reorganization imposed on smaller banks 
> when they become insolvent.
>
> We are so far doing neither, which is mad.
>
> Krugman is partial to the latter solution. He's very uneasy about the 
> large sums of pretty much no-strings money being injected into large 
> banks.
>
> Bob
>
>
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